When unaudited financial statements are presented in comparative form with audited financial statements, such statements should be ________.

Question

Quizplus · Accepted Answer

When unaudited financial statements are presented in comparative form with audited financial statements, they should be marked as unaudited and the auditor's opinion should be disclosed in a note to the financial statements. Choice A is the correct code, which indicates that the financial statements are unaudited and presented in comparative form with audited statements. Choices B, C, and D are incorrect as they refer to other types of financial statement disclosures.

When Unaudited Financial Statements Are Presented in Comparative Form with Audited